Understanding (MEME) Meme Coin | Q&A

1. Understanding (MEME) Meme Coins

Many readers often ask questions about meme coins in the articles, mainly focusing on whether they are purely speculative and gambling.

It is undeniable that they do carry elements of speculation and gambling, but at the same time, I believe they are also a reflection of social phenomena on the blockchain, so I hold a relatively open attitude towards them.

I quite like meme coins, and I have participated in some fun meme coins myself (such as SHIB, PEOPLE, etc.).

Meme coins are the tokenized expression of special events or phenomena after emotional fermentation.

In our real lives, we often experience various significant events that frequently ignite our collective emotions. The most common ways to record these events and express these emotions in real life are through photos and news.

For example, the photo of Trump’s assassination attempt has made people forever remember that event.

In the crypto world, meme coins not only serve as a record of events and emotions but also go a step further, tokenizing and pricing these events and emotions, allowing everyone to become a part of this event and emotion by holding the tokens, generating direct empathy.

This is something that cannot be achieved in real life, and it is probably the root of the strong speculative nature of meme coins.

Of course, its negative effects are also evident: it can easily provoke irrational behavior among participants, and it is increasingly being assimilated into gambling.

I prefer meme coins that have a story and arise naturally, rather than those that are just randomly created from a meme. The latter feels more like being affected and contrived.

Meme coins record events, and their prices reflect the emotions of participants. Emotions are difficult to sustain at a high level forever; even the most exciting events and the most touching moments will gradually fade and become indifferent in people's hearts over time.

Therefore, it is very difficult for the high prices of most meme coins to last if driven solely by emotions.

I only regard meme coins as a game, as a patch of wildflowers or a small scene encountered on the long journey of the crypto ecosystem. If it is something I appreciate and love, I will pause to admire it, remember its momentary beauty, and cherish the fleeting joy it brings me, but I will not remain obsessed with it.

2. Do We Have a Community?

This is also a question that readers often ask. We do not have a WeChat group; the public account is mainly used for publishing articles.

We also have Twitter, but it is just a backup tool for articles. Sometimes, we are unable to respond promptly to questions left by readers on Twitter.

Our communication method is quite simple; currently, everyone leaves questions on WeChat, and I will try to reply to those I find important. Then, we have an online discussion on Twitter approximately every two months.

Aside from that, we have no other means of communication.

The purpose of my writing is not to form a group or build a community, but to document the history I have experienced and to prove that an ordinary person without any background can find their own opportunities and change their life in this special era and field. I think this is particularly meaningful in this country.

I have previously written that for many years, I have taught a class on blockchain technology at a university every year.

What impressed me deeply was that in the first year, the national policy was still very lenient, and the students were very enthusiastic in class, even discussing some ecological projects with me after class.

However, last year, I was surprised to find that the vast majority of students had little understanding of Bitcoin, and not many had even heard of it.

Eventually, during a lecture to a group of recent graduates, the students were only concerned about what the exam questions for this course were and when they could get their certificates, showing no interest in crypto assets, crypto technology, or the crypto ecosystem. The price of Bitcoin and investment opportunities in the crypto ecosystem seemed like matters from another planet to them.

Since then, I have declined all external lectures and all similar so-called "exchanges."

The changes in the objective environment over the years have had such a significant impact on people, which I could not have imagined before.

I have always believed that crypto technology is very meaningful for individuals, especially young people:

On one hand, the hope for this country in the crypto field lies with the youth; on the other hand, young people can also find great opportunities in the crypto field in the future.

However, for various reasons, this future has been interrupted.

Although I cannot express myself as I wish, if several years later, there are still domestic readers who can read my articles and marvel: "So our country once had such a history, and there was a group of people who participated in this history," that would be great.